Day Traders Diary

1/30/25

The major averages finished higher following a flood of earnings even as President Trump warned of tariffs on Canada and Mexico. The Dow Jones Industrial Average rose 168 points, or 0.38% after a late day sell off. The S&P 500 rose 31 points or 0.5% while the Nasdaq rose 49 points after being in the red for most of the day.

In the big cap space, IBM was up 12% on strong earnings. Tesla missed estimates, but the stock did rise 2%. Meta was higher as well by a percent on earnings while Microsoft was down 6% on earnings. Nvidia keeps up its wild ride this week dropping over 4% before recovering into the close. The stock down 17% on Monday.

Other stocks lower on earnings include Caterpillar, Comcast, UPS and ServiceNow. UPS was the dog today as the company cut guidance as their largest customer, Amazon, will deliver more of their own products.   

American Airlines was lower by 2% after the deadly and disastrous mid-air accident in DC last night.  

On the economic front, the fourth-quarter GDP growth rate came in at 2.3%, below expectations of an increase of 2.5%. The 10-year Treasury yield fell 3 basis points to 4.52%. The 2-year Treasury yield fell 2 basis points to 4.20%. Yesterday, the Fed left rates unchanged as inflation has stopped moving lower.

In the commodity space, oil was quiet hovering around the $73 level. Gold was higher by nearly 2% on tariff worries. Bitcoin was up a percent slowly moving back toward all time highs.